E-commerce Considering moving from Stripe to Revolut Busines

[De Tomaso]

I'd be interested in the good or bad if you have moved or are considering moving your online card processing away from Stripe or for that matter are currently using Revolut Business account integrated into your online shop.

I am only considering the move due to Stripe only paying into GBP or EURO bank accounts. For orders paid in USD and for them to pay you in the same currency, one requires a USD bank account in the US.

From what I have read Revolut gets around this problem.

I have bother customers and suppliers in the US!

[Redarress]

I didn’t realise Revolute did card processing. Their rates look better than those I am paying on the e-commerce sites that I use Stripe on.
I already have a Revolute personal account I use mainly for currency
It seems there is Woocommerce plug in as well so I am going to take a close look over the weekend

[morrisk1]

Redarress said:

I didn’t realise Revolute did card processing. Their rates look better than those I am paying on the e-commerce sites that I use Stripe on.
I already have a Revolute personal account I use mainly for currency
It seems there is Woocommerce plug in as well so I am going to take a close look over the weekend

Same here, will take a look also!

[DSLiverpool]

Look at checkout.com also.

Note certainly with Shopify if you change from Shopify payments (stripe) then you still have a small transaction fee on top of the card processing fee.

[22s]

Just been through the payment processor selection process and also use Revolut Business as our bank account (though only for GBP payment).

Bank account - no problems at all, very easy to use, and has some great features (e.g. automated payroll for £3 per employee per month!). I know they have had issues with customer service in the past (and they certainly did when I had an issue with my personal account back in 2020) but have heard it's got better.

As we don't process USD can't speak to that functionality on the processor side, but I spoke to a few different providers.

Checkout is probably most flexible but is also pretty much an enterprise product so depends how big you are and whether you have a dev team who can support integration. The pricing is also cheaper but it's IC++ so you will be responsible for any scheme fee increases etc, whereas with Stripe it's all priced in as an all-in-one.

Mollie is basically a cheaper version of Stripe (the prices on their site are negotiable) with fewer features. Designed for SMBs so easier to set up than Checkout. They would have been our choice but they rejected us as we are (apparently) in an industry they don't work with.

Others to check out are Adyen (also wouldn't work with us) and GPS (heard good things but never got back to us).

Revolut - think they only just started processing (or certainly didn't find it during my research) so can't comment on that side. My only thought that it is serious platform risk having both bank account and processing sitting under one roof.

PM me if you want to chat through anything in more detail!

EDIT: Oh, and we selected Stripe, but only because Checkout had a monthly minimum we weren't sure we'd be able to hit and Mollie wouldn't work with us. I think Stripe are expensive.

[De Tomaso]

Thanks for all the comments & 22 for the offer of a chat. I have been with Stripe for some years now without any issues and their support is very good I did just want to see what options there were to hold the USD payments in USD rather than losing out with poor forex rates just to access the funds in EURO or GBP.

I think Revolut needs further looking into.

I will also checkout the other processors mentions.